Quote:
Originally Posted by genuinegirly
Between my husband and I, we have 5 credit cards. We owe nothing. We were planning on getting rid of the redundant cards when we were married, but we haven't bothered yet. The balance is paid off each month for all of our cards. We only spend what we have. I could see this being a problem for others but less for us.
|
I've been told closing out cards can lower your credit score. Might want to check into that, esp. if the cards have no annual fee. I have two cards I use. I travel a lot and seems one will eventually be denied. Can't tell you how many times I've had to call the bank and tell them "yes, I made those charges in ______." So I keep a back-up. Hard to rent a car without one. I also have three or four other cards that I keep in a lock box at home. They're fee free but have a high interest rates. Had them for years, I've never bothered to close them out but they have -0- balances. On the two I use I never keep any balance longer then 30 days usually.
Here's a site that has some advice on closing accounts-
http://content.truecredit.com/Learni...gAccounts.page
__________________
I used to drink to drown my sorrows, but the damned things have learned how to swim- Frida Kahlo
Vice President Starkizzer Fan Club
Last edited by Tully Mars; 12-01-2008 at 03:28 AM..
|